Price Reduced 6.50%
Price History
$1,599,000
7/15/2023
$1,495,000
9/21/2023
53 Main Street, New Paltz, NY, 12561
1894
Located in the center of New Paltz, a thriving tourist and college town. Two commercial spaces; restaurant and retail sales on first floor. Two 4 bedroom apartments on second floor. Restaurant (Zaytune Cafe) has very good reviews for Mediterranean food, and Heddy Teddy is a successful clothing/gift shop. Zaytune has 5 year lease (6/21 to 5/26) w/ renewal option for additional 5 years. Zaytune pays $3,860 as of June 2023). Heady Teddy is in second year of a 5 year renewal, and pays $3,675 per month. Tenants on second floor (2 apartments) pay $3,055 and $3,180 for a total of $6,235 per month. Building total rent is $13,860 per month or $166,320 per year. Excellent location, high visibility.
Status:
Active
Type:
Commercial
Units:
4
Zoning:
B2
Heating:
Oil, Baseboard, Hot Water
Cooling:
Zoned, Window Unit(s)
Est. Taxes:
$20,100
School District:
New Paltz
MLS #:
H6259949
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Reading Realty 845-901-1640